Sunday, February 2, 2014

Diamond Dealers Club Installs DiamondCheck Machine for Members

The Diamond Dealers Club (DDC) of New York president Reuven Kaufman
announced that its membership was extremely pleased that the Gemological
Institute of America (GIA) provided it with its new DiamondCheck
machine to be used without charge by club members to determine whether
stones were natural or synthetic.

According to Kaufman, the GIA
technology will assist the membership to assure both themselves and
their clients that their goods are correctly classified as natural or
synthetic.

Kaufman reported that, while it is neither illegal
nor unethical to deal in synthetic diamonds, passing synthetic stones
off as natural diamonds could potentially have a harmful impact on our
industry by undermining consumer confidence. This follows reports that
some synthetic diamonds submitted to certifying labs for grading have,
perhaps inadvertently, been mixed with parcels of natural diamonds in
the past year or so.The DDC president also said that the club,
which was established in 1931, was committed to an ongoing education
program for its members with respect to synthetic diamonds and it
conducts seminars on how they may be effectively identified as well as
potential action by bourses worldwide for knowingly passing off
synthetic stones as natural diamonds. Kaufman particularly
expressed his gratitude to GIA’s leadership: Susan Jacques, the lab's
president; Tom Moses, the senior vice president and Wuyi Wang, the
director of research at GIA in arranging for the placement of
DiamondCheck in the club's trading floor. He added that the “DDC is a
major diamond trading center, one committed to an industry built on
integrity, trust and reputation. The installation of DiamondCheck
technology by GIA, the first bourse to which GIA provided this
equipment, will help us to both prevent synthetic diamonds from entering
the market as natural diamonds as well as to ensure the maintenance of
the high degree of consumer confidence that is critical to the industry
worldwide.”